Breaking news, updates, and reports on current events.
Watch the latest video at foxnews.com The White House is set to unveil a sweeping new plan that would radically transform the makeup of immigrants in the United States, ending the visa lottery program and implementing a comprehensive merit-based admissions procedure, three senior administration officials told Fox News on Wednesday. The move would more than quadruple the number of … Read more
by sundance Here we go…. President Trump is laying the groundwork to ban telecommunication companies based on identified risk to national security (ie. Huawei). Nations who engage in 5-G technology agreements are on notice they may be cut-off from communication partnerships with the U.S.A. [I think Wall Street just pee’d their pants a little..] [Executive Order] … Read more
Tell Trump how you have been hurt. SOCIAL MEDIA PLATFORMS should advance FREEDOM OF SPEECH. Yet too many Americans have seen their accounts suspended, banned, or fraudulently reported for unclear “violations” of user policies. No matter your views, if you suspect political bias caused such an action to be taken against you, share your story … Read more
by Michael Snyder 2019 is turning out to be a nightmare that never ends for the agriculture industry. Thanks to endless rain and unprecedented flooding, fields all over the middle part of the country are absolutely soaked right now, and this has prevented many farmers from getting their crops in the ground. I knew that … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But what will happen to banks and automakers when the cycle turns? Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leases in the first quarter of 2019, according to New York Fed data. This put the auto-loan delinquency rate at the … Read more
by Michael Snyder President Trump is doubling down on his tough approach with China, and apparently he has decided that now is the time to cripple their most important tech company. Huawei Technologies sells more telecommunications equipment than anyone else in the entire world, and it was anticipated that they would be one of the … Read more
The technique shares the same name as a practice that was outlawed during the financial crisis of 2008, but is legal and Uber’s prospectus warned it was a possibility. https://www.cnbc.com/2019/05/14/uber-underwriters-worried-about-the-ipo-deployed-unusual-naked-short.html
via @crossbordercap: Emerging Markets: Dollar Watching, China Waiting : GLI report China’s PBoC continues to take liquidity out of markets EM currencies more stable than a year ago, but still likely to soften versus stronger USD #PBOC #China #EmergingMarkets #Liquidity
by Gary Christenson Much Higher Gold Prices are NOT Crazy Miles Franklin sponsored this article by Gary Christenson. The opinions are his. Egon von Greyerz discussed “3 Dozen Reasons to Hold Gold” and mentioned price targets of $30,000 for gold and $3,000 for silver. Gold sells for $1,310 and silver sells in the mid-$15s. His numbers suggest that … Read more
via Zerohedge: With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control.” “Just … Read more
BY JOHN RUBINO The developed world is doing something unprecedented: It’s no longer reproducing. That’s great for the environment and very good for the work and housing prospects of the relative handful of kids that are being born (since fewer workers mean rising pay and fewer households mean cheaper real estate). But it’s bad for retirees … Read more
by visualcapitalist The desire to live longer — and outrun death — is ingrained in the human spirit. The first emperor of China, Qin Shi Huang, may have even drank mercury in his quest for immortality. Over time, advice for living longer has become more practical: eat well, get regular exercise, seek medical advice. However, as life expectancies … Read more
Authored by Mac Slavo via SHTFplan.com, American farmers are being pushed to the brink by government policies. Most have had enough of the trade war and are increasingly becoming impatient with their financial instability and worsening regulatory burdens placed on their backs. Bankruptcies are skyrocketing, food prices are expected to soar, and American farmers are losing … Read more
Join Mike Maloney as he examines the latest moves in the US/China trade war, and visits some compelling arguments from the Foundation for Economic Education. To quote their article by Mark J Perry: “It’s a scientifically and mathematically provable fact that all tariffs, at any time and in any country, will harm economic growth, eliminate … Read more
via @TaviCosta: Gold-to-S&P 500 re-testing its multi-year resistance line. This could mark a critical inflection point for precious metals. This pattern resembles the GFC when the ratio broke out in the 06 housing bubble and then re-tested at the 07 stock market peak.
via @RudyHavenstein: In 2017 (latest available report), the Fed had 19,161 employees, including 1,630 “other officers” (not the President), making, on average, salaries (ex-benefits) of $233,099. The rest averaged over $100k. https://www.federalreserve.gov/publications/2017-ar-statistical-tables.htm … If you add up “Salaries and other personnel expenses” and “Retirement and other benefits” (Table 10), you get $3.147 billion, which averages out to … Read more
https://twitter.com/tracyalloway/status/1128459821735235585